Engineers Gate Manager LP Raises Stake in Alliant Energy Corporation $LNT

Key Points

• Engineers Gate Manager LP increased its Alliant Energy stake by 672.2% in the second quarter, holding 98,507 shares valued at approximately $7.5 million. Institutional investors collectively own 79.9% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $77 price target; however, individual opinions range from “Buy” to “Sell.”
• Alliant Energy exceeded quarterly expectations with $0.65 in EPS and $971 million in revenue, while maintaining a quarterly dividend of $0.535 per share, equivalent to a 3.2% annualized yield.

Engineers Gate Manager LP raised its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 672.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,507 shares of the company's stock after purchasing an additional 85,751 shares during the quarter. Engineers Gate Manager LP's holdings in Alliant Energy were worth $7,515,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Cedar Mountain Advisors LLC acquired a new position in Alliant Energy in the 2nd quarter valued at about $26,000. Clearstead Trust LLC purchased a new position in shares of Alliant Energy in the 2nd quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Alliant Energy in the 3rd quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $32,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Alliant Energy during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Ratings Changes

LNT has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $80.00 price objective on shares of Alliant Energy in a research report on Thursday, August 27th. BMO Capital Markets reduced their target price on shares of Alliant Energy from $80.00 to $78.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. TD Cowen assumed coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 target price on the stock. Wall Street Zen cut shares of Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Finally, Weiss Ratings downgraded shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $67.25 on Friday. The firm's fifty day simple moving average is $71.41 and its 200-day simple moving average is $72.11. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock has a market cap of $17.44 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm had revenue of $971.00 million during the quarter, compared to analysts' expectations of $896.94 million. During the same quarter last year, the business earned $0.68 earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.535 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is currently 67.72%.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.

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